MICROPORT Shares Drop Nearly 7% as Shareholder Allegedly Aims to Sell Stake for Up to HKD1.17B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2025
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Source: aastocks
Otsuka Medical Devices Stake Sale: Otsuka Medical Devices plans to sell its entire 4.85% stake in MICROPORT, amounting to 92.3 million shares, at a placement price between HKD12.44-12.71 per share, which is a discount of 6-8% from MICROPORT's recent closing price.
Market Reaction: Following the announcement, MICROPORT's stock opened 4.59% lower and experienced a decline of up to 6.8% during early trading, with the last trade recorded at HKD12.89, down 4.66%.
Analyst Views on 00853
Wall Street analysts forecast 00853 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00853 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 12.180
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Current: 12.180
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
